Will Interest Rates Go Down In 2024
Our current expectation is that the fed will lower rates once in 2024, with a small chance they drop rates two times, says jason obradovich, a chief investment. The average interest rate on a new credit card now at 24.84%, the highest since lendingtree started tracking rates in 2019.
In july, it’ll continue to impact. If inflation continues to dissipate and the economy cools or goes into a recession, it’s likely mortgage rates will.
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